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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest revenue:        
Loans, including fees $ 291,595 $ 250,484 $ 575,578 $ 486,915
Investment securities, including tax exempt of $1,699, $1,731, $3,420 and $3,841, respectively 50,063 41,060 96,499 81,046
Deposits in banks and short-term investments 5,307 4,231 11,616 7,301
Total interest revenue 346,965 295,775 683,693 575,262
Interest expense:        
Deposits 134,462 89,217 268,246 147,078
Short-term borrowings 60 1,849 60 2,997
Federal Home Loan Bank advances 0 649 0 5,761
Long-term debt 3,743 3,774 7,538 7,670
Total interest expense 138,265 95,489 275,844 163,506
Net interest revenue 208,700 200,286 407,849 411,756
Provision for credit losses 12,235 22,753 25,134 44,536
Net interest revenue after provision for credit losses 196,465 177,533 382,715 367,220
Noninterest income:        
Wealth management fees 6,386 5,600 12,699 11,324
Gains from sales of other loans 1,296 2,305 2,833 4,221
Lending and loan servicing fees 3,328 2,978 7,538 6,994
Securities losses, net 0 0 0 (1,644)
Other 8,127 9,143 18,879 16,120
Total noninterest income 36,556 36,387 76,143 66,596
Total revenue 233,021 213,920 458,858 433,816
Noninterest expenses:        
Salaries and employee benefits 85,818 76,250 170,803 154,948
Communications and equipment 11,988 10,744 23,908 20,752
Occupancy 11,056 10,194 22,155 20,083
Advertising and public relations 2,459 2,314 4,360 4,663
Postage, printing and supplies 2,251 2,382 4,899 4,919
Professional fees 6,044 6,592 12,032 12,664
Lending and loan servicing expense 2,014 2,530 3,841 4,849
Outside services - electronic banking 2,812 2,660 5,730 6,085
FDIC assessments and other regulatory charges 4,467 4,142 12,033 8,143
Amortization of intangibles 3,794 3,421 7,681 6,949
Merger-related and other charges 2,157 3,645 4,244 12,276
Other 12,184 7,533 20,360 15,881
Total noninterest expenses 147,044 132,407 292,046 272,212
Income before income taxes 85,977 81,513 166,812 161,604
Income tax expense 19,362 18,225 37,566 36,016
Net income 66,615 63,288 129,246 125,588
Net income available to common shareholders, basic 64,674 61,227 125,387 121,470
Net income available to common shareholders, diluted $ 64,674 $ 61,227 $ 125,387 $ 121,470
Net income per common share:        
Basic (in dollars per share) $ 0.54 $ 0.53 $ 1.05 $ 1.05
Diluted (in dollars per share) $ 0.54 $ 0.53 $ 1.05 $ 1.05
Weighted average common shares outstanding:        
Basic (in shares) 119,726 115,774 119,694 115,614
Diluted (in shares) 119,785 115,869 119,763 115,795
Service charges and fees        
Noninterest income:        
Service charges and other related fees $ 10,620 $ 9,777 $ 19,884 $ 18,476
Mortgage loan gains and other related fees        
Noninterest income:        
Service charges and other related fees $ 6,799 $ 6,584 $ 14,310 $ 11,105